This form is a Grant Deed where the Grantors are two individuals and the Grantee is an individual. Grantors convey the property to Grantee. This deed complies with all state statutory laws.
A Sunnyvale California Grant Deed, also known as a Grant Deed, is a legal document used to transfer ownership of real property in the city of Sunnyvale, California. It is a critical instrument in real estate transactions, used to convey the title of a property from the seller (granter) to the buyer (grantee). The process of executing a Grant Deed ensures that the transfer of ownership is properly recorded and legally recognized. One notable characteristic of a Sunnyvale California Grant Deed is that it guarantees that the granter holds a clear and marketable title to the property and has the legal right to transfer it. This means that the granter has not encumbered the property with any undisclosed liens, mortgages, or other claims that could impede the buyer's ownership rights. There are different types of Sunnyvale California Grant Deeds, each serving a specific purpose in real estate transactions: 1. General Grant Deed: This is the most commonly used type of Grant Deed. It transfers the title to the property from the granter to the grantee without any warranties or guarantees other than the granter's ownership rights. 2. Special Warranty Deed: With this type of Grant Deed, the granter provides limited warranties to the grantee. The granter guarantees that they have not encumbered the property during their ownership, but doesn't extend this guarantee to any previous owners. 3. Quitclaim Deed: The Quitclaim Deed is often used when there is no exchange of money involved in the transfer of the property. It conveys whatever ownership rights the granter may have, without making any warranties or guarantees. 4. Gift Deed: This type of Grant Deed is used when the property is being transferred as a gift, typically between family members or close friends. It is important to note that a Gift Deed may still be subject to certain tax implications. When executing a Sunnyvale California Grant Deed, it is important to involve a qualified real estate attorney or title company to ensure that the transfer of ownership is conducted legally and without any complications. The parties involved should review and understand the terms and conditions mentioned in the Grant Deed before signing it. Once signed, the Grant Deed must be notarized and filed with the appropriate county recorder's office to complete the transfer of ownership and establish the new owner's rights to the property.
